NACVA members met in BVR’s conference room on July 16th to discuss a Case Analysis in Person (CAP) for recertification purposes. Stuart Weiss, CPA/ABV, CVA and president of the Oregon chapter of NACVA conducted the CPE session.  Prior to meeting, the group had read a FLP valuation report in order to discuss the report’s strengths and weaknesses during the session. The consensus was that the author, who was anonymous, did a good job of explaining his discounts for lack of control and marketability. However, the report failed to comply with NACVA report writing standards.

Weiss also handed out one of his own sanitized reports of a dental practice, and let the group critique his work. Among the more interesting debate points was whether it is necessary to use WACC in a practice heavily financed by debt.  The next meeting is scheduled for September.  “I think this profession needs as much peer review as it can get,” Weiss remarked.